That ain’t gonna stop the bleeding in US fluids boys. Negative margins are negative margins no matter how you slice it...
Topics regarding layoffs at Newpark Resources Inc.
3m loss in fluids. I called it about a month ago. Too much fat on this Hawg
Down 57. Going to 250 folks...
Down 64. Looking like 250 to bottom out
Next stop 400. Cowboy up, this ain’t no 8 second ride
Paulie claims NP is in excellent financial shape, consider the REAL facts: Newpark has $160m in long term debt $85m of the $160m is due Dec 2021 - not too far off Currently $40-50m in liquid assets. It gets worse: the $40-50m currently in... — read more
For all former Newpark employees and job applicants. Newpark Resources complies with the General Data Privacy Rights legislation. You have a right to be forgotten and your personal data that they have collected be expunged from their systems unless... — read more
Down 64. Next stop 400
Would someone confirm this. I left in 2018. I wish you all the best and good luck as we battle through this pandemic.
for bringing down NR stock to a penny stock. We can blame it on the coronavirus and the oil/gas price wars but lets be honest, there has been a disease (lets call it the PH/PV/GP virus) at the company since 2014 and it was bound to destroy what the... — read more
From a brokerage analyst who sums up what we have ALL said the past 5 years: Some stocks are best avoided. We don't wish catastrophic capital loss on anyone. Spare a thought for those who held Newpark Resources, Inc. (NYSE:NR) for five whole years... — read more
Buckle your seat belt folks, she’s going to 400
Stage 1: 2000-2014. The builders. Those who built the company Stage 2: 2014-2020. The PV Millenials. Those who rode it straight into the ground Stage 3: 2020- . The fools. Those who stayed and watched it sold for pennies on the dollar
Look out for your neighbors disappearing. If Corona doesn’t get them, maybe the RIF will. Round one is top earners. Round Two performance problems. Round three Is reserved for those that crossed GP’s path. Keep your head down and your resume fresh.
Dow up 1,100 points, NP down 18%. Many oil stocks up
$18.1m Q4 operating loss in fluids. -13.5% margins. Need to “right size” starting in the Woodlands. More short term debt, less assets, higher total liabilities, less stockholders equity and less cash on hand. And still carrying $43m for goodwill... — read more
Less than 5% in Permian Basin? Holey Moley
Rig count 781. Stock price $5.49. So much for the “brilliant strategizing”. Welcome to the real oilfield-Scotsman. Time to start earning your $$$
Three days into the new year and LGC Deepwater is already losing money. Perhaps they should hire a third field service manager.
Twas the days before Christmas, Not even a sound, Ole NP kept stumbling And fell straight to the ground. The reasons are many From what I have been told, Without profit in fluids We’re heading straight down a dead-end road Leave it to... — read more
Down 3 for the week, down 276 for the year. Looks like whoever called 800 hit the nail on the head. NP selling $50 OBM ain’t helping margins either
Will only get worse folks. Shale companies have finally met their match-no investor money. Pyramid scheme is effectively over. Permian will see HUGE reduction in rig count In the next 12 months. If any doubt, look at CHK. NP better closely... — read more
NP still losing $$. Fluids margin was 3.8%, not even enough to cover corporate op-ex. More excuses, Gulf not carrying their weight, blah blah blah. BUT we are positive cash flow. That’s the ONLY bright spot for PH. Oh yeah we bought a toilet... — read more
How are the negotiations with MI going?
I truly hope anyone that has ever contributed a shred of profitability and is still left demands a raise TODAY. The new Presidents deal completely shreds any common sense left in the NP toolkit. Let’s see, you hire a guy who isn’t a US citizen nor... — read more
For the dismal Q2 numbers? Get ready, it’s coming straight at you....
Are seeing a major pricing squeeze. Operators demanding huge price concessions. PB will get ugly in 2020 folks
Orange with a yellow stripe down the back
Still a good place to be?
For the oilfield services industry, it’s no longer about merely navigating a downturn. It’s now about survival. Five years after crude began its plunge to less than $30 a barrel from more than $100, the companies that drill and frack wells are living... — read more
Just look around you - what's the one thing you notice? The faces that are looking back at you are getting MUCH younger after every layoff, and older employees are few and far between. Is there really nothing to be done about this? It's certainly not... — read more
As a former shareholder, I wonder if executive management takes 1 minute of their day to read any of these posts. While I do understand that their are a lot or folks that have been done wrong by the company and post at times ridiculous comments... — read more
Q1 conference call, PH alludes to upcoming costs of $1-2m in Q2 for consulting charges as part of long term strategy. Let me get this right: on top of Corp officers pay and perks, Board stock and perks ~ you have TO PAY someone to TELL YOU HOW TO RUN... — read more
It’s really nice to see your poor contribution recognized on the quarterly conference call! Down 25~30% from Q4. Continue to give it away, operators are seeing your lack of performance and technical failures in Mid Continent. LMAO😂😂😂
Business unit managers to hire brother-in-law trucking companies as vendors? Wouldn’t this constitute a blatant conflict of interest? They need to look closely and see this directly in front of them. Or do they really care
The $2 billion dollar plan? Wasn’t that PV’s public proclamation?
Mud can’t even cover Corporate op-ex. 4.6% margin in fluids won’t cover the cost of borrowing $$$. NP in sad shape folks. 2018 best year for the competition and NP doesn’t even make headway, the you give Mr Screw it up a cool $1.5m parting gift?... — read more
Stack it deep and sale it cheap. The Wally World of mud companies.
The $40m GOM Forchon investment working out??? Biggest expense=biggest losses